February 06, 2009

City’s middle-class exodus seen accelerating“New York has long been a city that has groomed a middle class, but
that’s a more arduous job today,” said Jonathan Bowles, director of the
Center for an Urban Future, a Manhattan-based think tank dedicated to
independent research on cities, and one of the report’s authors.
“There’s a tremendous amount of positives about the city, yet so many
middle class families seem to be stretched to their limits.”